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If someone was even willing to pay the asking price I doubt it would appraise in today's market.
Agreed. If a cash buyer falls in love with the house at the expense of all the others that are properly (or close to properly) priced, then I guess it could happen. Since it's spring training, I'll also say that the Pittsburgh Pirates have a chance to win the 2011 World Series too.
There is an old thread about this, but no recent discussion. A couple years ago I put a "Make Me Move" price on my home, just for fun, although we had no intention of putting our house on the market. Now, a couple years later, we are planning to move - not quite yet, but when the time is right. But if someone were to show interest in buying our house, that might be the time.
So I've rethought the Make Me Move thing. Before, I thought of it like the name implies: "I'm not trying to sell, but for the right price you might get me out." Now I think it could be a decent tool, if used by enough people. It could be a way to let people know that I am interested in selling, but not ready to list - but I could get ready in a hurry if someone were interested. (Of course, if someone showed serious interest, we could quickly get a Realtor.)
Any thoughts?
I had my house on make me move for a while. I didn't think it would bring me any buyers but was open to selling and figured it couldn't hurt. At the same time I don't expect it to do anything.
Most people have crazy prices anyway so it's almost a pointless system.
The only way it would bring a buyer is if you have a super unique house that someone can't find elsewhere, if your in a tract subdivion people will just look at the other houses that are really on the market.
The only other time I could see it being effective is say someone wants to buy a house next door or close to their bf/gf, mother, brother, sister, etc. They may see your open to selling and inquire for more info but otherwise there's really no reason to deal wtih someone who may or may not want to move and who will probably only move for top dollar when there is so much else on the market
For me the "Make me Move" thing was something I posted on Zillow a few years ago.
We have started getting the word out into the community that our home will be for sale in the near future. We have had garage sales the past two years with signs saying something to the effect of , "We soon plan on moving to our Florida home, so eventually everything, including this house will be For Sale"
We are getting rid of almost everything, repainting rooms, decluttering, (although we never did have too much to declutter), basically making the house perfect for showing.
I have spoken to a few Realtors, who have done CMA's for us, etc. They know we are not ready to list now, and if a buyer comes along prior to our listing with the right numbers, etc, we will sell to them. About 10% of homes today are sold without a Realtor, and our home is nice enough in looks and location to perhaps do just that.
That being said, I fully know the advantages of using a good Realtor, MLS, etc, and will go that route if needed. We'll see. We have one of the nicest homes in the most desirable area of our county.......so I am not worried about selling. The Realtors I've spoken to have almost begged for the listing and have told us they wished all sellers prepared a home to sell like we have.
Where we are there is one large Realty company that list and sell 58% of the market here. They do things well. We have spoken to the top three of those Realtors....the ones who have the highest amount of sales, listings, etc. They also have the best numbers of percent of sales amount compared to listing price, days on market, etc.
If you pay 6% regardless, (and I know that is not always the case), why would you list with anyone other then the heaviest hitters to whom you have a good working relationship?
Frank
It's almost a cliche' that most buyer's think this way . . . their home is "special," it is sooooooooo special buyers will be flocking to them and they will get 20% over market value, EASY. The sale will happen overnight, with no problems . . .
It's almost a cliche' that most buyer's think this way . . . their home is "special," it is sooooooooo special buyers will be flocking to them and they will get 20% over market value, EASY. The sale will happen overnight, with no problems . . .
Good luck!
Who said anything about getting 20% over market value?
My house will sell because it will be priced competitively, show well and be in move in condition. I designed and built this house myself, and am a licensed Home Inspector. The fact that it is a great location, with acreage, etc, and there is a scarcity of higher end homes for sale in the area will only help. I"m not looking for top buck...someone will get a nice house at a good price, due to the market. Good for them.......
I have no time constraints, so all is well on this end. I hope this is sooooooo understandable to you.
For the most part it is. I do use it just to be able to punch in a zip code and have the map come up for what is in the area.
I also do have my home on Make Me Move at a price a good bit above market. I am not actively looking to sell but if I get my price I would.
The site is not great for much but it does have some useful features.
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